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Topic: [2016-06-26] cointelegraph.com| As Thomas Cook Suspends FX in UK, Bitcoin Best (Read 348 times)

sr. member
Activity: 278
Merit: 250
"Bitcoin best choice for individuals

Bitcoin provides one of the few means available to the common man to quickly convert his pounds to alternate assets. According to Bloomberg, the volume of Bitcoin trades at Kraken (the world's largest Bitcoin exchange in Euro volume) has doubled. From Nigeria to Venezuela, Bitcoin has the ability to give ordinary residents a quick way to escape rapid currency depreciation."


I am surprised there is still so much panic in the FX markets, but it is great to have Bitcoin as an option to help people.

Yes, only bitcoin have all of  those advantages at one place. Any other currencies can't do that along the way!

Thanks for valuable input!



The problem for bitcoin now it is too slow if more than 10 million people try to use the bitcoin daily. It does not have the capacity.
hero member
Activity: 812
Merit: 500
"Bitcoin best choice for individuals

Bitcoin provides one of the few means available to the common man to quickly convert his pounds to alternate assets. According to Bloomberg, the volume of Bitcoin trades at Kraken (the world's largest Bitcoin exchange in Euro volume) has doubled. From Nigeria to Venezuela, Bitcoin has the ability to give ordinary residents a quick way to escape rapid currency depreciation."


I am surprised there is still so much panic in the FX markets, but it is great to have Bitcoin as an option to help people.

Yes, only bitcoin have all of  those advantages at one place. Any other currencies can't do that along the way!

Thanks for valuable input!

legendary
Activity: 3430
Merit: 3080
I am surprised there is still so much panic in the FX markets, but it is great to have Bitcoin as an option to help people.

No surprises for me. Not saying "I predicted this", just that it could be expected. The political class are demonstrating (i.e. propagandising) to the British public, using the FX markets, that leaving the EU is a bad idea; it's not going to be hard to get some oligarch to short sell sterling to frighten the Brits after making the "wrong" decision. Like the Irish before them, getting the wrong answer to a referendum "choice" will result in the politicians and their corporation buddies applying as much pressure to the UK population as possible, until they get the answer "right".
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
"Bitcoin best choice for individuals

Bitcoin provides one of the few means available to the common man to quickly convert his pounds to alternate assets. According to Bloomberg, the volume of Bitcoin trades at Kraken (the world's largest Bitcoin exchange in Euro volume) has doubled. From Nigeria to Venezuela, Bitcoin has the ability to give ordinary residents a quick way to escape rapid currency depreciation."


I am surprised there is still so much panic in the FX markets, but it is great to have Bitcoin as an option to help people.
hero member
Activity: 812
Merit: 500
As Thomas Cook Suspends FX in UK, Bitcoin Best Choice For Individuals

The rapid depreciation of the British Pound has resulted in Forex companies like Thomas Cook imposing restrictions on the sale of foreign currencies. Bitcoin offers a better way out for ordinary residents....

https://cointelegraph.com/news/as-thomas-cook-suspends-fx-in-uk-bitcoin-best-choice-for-individuals

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